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You are here : Mutual Funds Home > Tools > FAQs > Transactions
Frequently Asked Questions
FAQs on Online Mutual Fund Transactions

Can I modify /cancel my transactions?

Will I get an online confirmation of my transactions?

Is there a minimum transaction amount for each scheme?

Who all can use this facility?

I do not have an account with you but would like to invest in Mutual Funds. What do I do?

Can I buy Mutual Fund Units using my NRE PINS account?

How do I purchase mutual funds online?

When will I be able to see my purchase details?

How do I redeem my Mutual Fund scheme units?

How does my buy order get processed?

Will TDS be deducted on the redemption of units?

Will TDS be deducted on dividend received?

If I change my address, what do I need to do?

Can I avail nomination facility in Mutual Fund schemes purchased through you?

Why sign Power of Attorney?

Is signing the Power of Attorney safe?

FAQs on Online Mutual Fund Transactions
Can I modify /cancel my transactions?
Yes, while placing any mutual fund order, cancel option would be available to you till the final confirmation of the order is placed by you. Once you click on Confirm link, you cannot modify or cancel the order placed by you.

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Will I get an online confirmation of my transactions?
As soon as you confirm your order you can view the details of your transaction in the order book.

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Is there a minimum transaction amount for each scheme?
As decided by the fund house, there is a minimum transaction amount indicated against each scheme. You will get to see the minimum transaction amount when you are placing the buy order for that scheme

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Who all can use this facility?
All users whose accounts are activated, can use the same login Id and password to invest in Mutual Funds. You can also invest in units of a Mutual fund from your Non-Pins NRE/ NRO account.

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I do not have an account with you but would like to invest in Mutual Funds. What do I do?
You need to register with us and provide us with certain details. Once your account is activated, you can start investing in Mutual Funds online.

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Can I buy Mutual Fund Units using my NRE PINS account?
No, you cannot purchase mutual fund units from the PINS account. You can only do so in the Non-Pins account.

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How do I purchase mutual funds online?
Click on the link "Buy Now" in the MF Trading section. You will be asked to select from the various mutual fund houses. Select the fund house. You will now see all the schemes of the fund house. Select the mutual fund scheme that you wish to invest in. After that choose the amount that you wish to invest in and make an online payment through your Indian bank account or your US bank account through ACH pay mode of remit2india.

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When will I be able to see my purchase details?
The details of your transactions will be immediately updated in your order book. The entry in your portfolio will be displayed once the order is processed.

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How do I redeem my Mutual Fund scheme units?
Click on the link "Sell Now" in the MF Trading section. You will be asked to select from the various mutual fund houses. Select the fund house. You will now see all the schemes available for redemption from the fund house. Select the mutual fund scheme that you wish to sell. After that choose the amount indicated against each scheme.

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How does my buy order get processed?
The number of units to be allotted - in case of purchase requests - is determined by dividing the amount invested by the applicable NAV based sale price.Most funds price their units on a prospective basis, i.e. you get to buy units at a price to be determined in the future. For this purpose each fund fixes a cut-off time. Applications for purchase or redemption submitted before the designated time are processed at a price linked to the NAV of that day (which is announced at the end of that day) while applications submitted after the cut-off time are processed at a price linked to the NAV of the following day. This cut-off time determined varies from fund.

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Will TDS be deducted on the redemption of units?
In case of NRI's, TDS will be deducted on the sale proceeds. The TDS will deducted depending upon whether it is a short-term capital gain or long term capital gains. For more details, please refer to the tax queries section on our site (Link to tax queries)

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Will TDS be deducted on dividend received?
No, TDS will not be deducted on Dividend payments for both Resident as well as NRI's.

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Will TDS be deducted on dividend received?
No, TDS will not be deducted on Dividend payments for both Resident as well as NRI's.

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If I change my address, what do I need to do?
For change of address, you will have to send a mail to us mentioning your login ID, your old and new addresses

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If I change my address, what do I need to do?
For change of address, you will have to send a mail to us mentioning your login ID, your old and new addresses

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Can I avail nomination facility in Mutual Fund schemes purchased through you?
Currently nomination facility is not available on our site.

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